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<br /> � periodi�t�st Lender requircs. The inwrance c�rrkr providin�the lnsiu�nce�h�ll be chaaen by Borrower aubject w LeaderS�
<br /> •pprov�l whkh duil not be w�n�son�bly withheld. lf Bartower f�ils to m�intain coveragc described a6ove,Lender mty,st
<br /> Lenderk option,abt�in cover��e to prota►Lendcr�d�hts in the Property in�ccordance wfth puagr�ph 7.
<br /> All inxurence polieiex and renewals chall be accepobk to Lender ud atwll fnclude a standard martga�e eluuse. Lender —
<br /> - - - -- sh�ll have the right to hold the policies w►d rcnewal.r. If I.ender rcyuircs,Borrower r.h�8 promptly give ta Lender all receipls
<br /> of p�id qr.mlums and�+enew�l ndices. In the event of loss.H�xrower sh�ll Yive prompt notice to the in�urance cyerier and
<br /> _-- l.ender. L.ender may make proof of loss jf not made promp�ly by Barower.
<br /> - --' Unless l.en�er and Bam+wer e�therwiwe egree in wtidng.in�urw�ce pmceedn�;h�il be�plied ta res�tarntian ar rcprir of _
<br /> the P�operty damagcd, if the restorAtion or rcpair is ecwwmicelly fcxcible and Lendcr� �ecurity i+ncx Icsxncd. If thc
<br /> •a restonition ar c�epxir ls not econanically feasible or L.ender!c security would bc Icasened. the insucance}xoceedx sball be
<br /> applied to the sums secuced b��this Security Instniment,whether or na then due, with any excesc prid ta Bormwer. If
<br /> - Borruwer abau�dons the Property,or does rwt answer within 30 days a notice from Lender that the insuru�ce cwrier has
<br /> offercd to setde u claim,then Lender muy coll��ct ehe insurance praceedx. Lender mny use the proceeds to rcpair ar restore
<br /> �.,,�,,,,,,�,� the Property or to pay sums socurcd by this Securlty Inbtrument,whether or not then due. The 30-day perind will begin when
<br /> ��;����� thc noticc ir givcn. --
<br /> —_ Unless Lender and Barrowcr otherwi.r•e agrec in writing.uny applicution of proceeds ta principal shnll not extend or
<br /> ---"�"��" postpone the duc date af the monthly paymencs referred ta in parasraphs I und 2 or change the amuunt of the payments. lf
<br /> r� undcr parugraph 21 thc Property is ocyuired by I.cnder. Horrower's right ta s�ny insurance pnlicicti and procecdz rezulting
<br /> �.n_A=��� from dumage to the Property prior to the acquisition shull puss to Lender to the extcnt of tt�e sums secured by this Sccurity
<br /> ------ Insirument immediutcly prior to the�cquisition.
<br /> � 6. Occupnncy, Preservation. MAintenpnce aad Protcctbn ot the Property; Borrower's Lonn AppllcAtbn;
<br /> ��� �.ri•"*-�'.". Leaseholds. H�ROwer shall occupy.estublish,and use the Property as Borrower y principal resid�nce within tiizty duys ufcer
<br /> � `�!�`� ^• the execution of ehis Seeurity In�tniment rnJ shull cont:nue to occupy the I'roperty�.c Borrawerk principal msidence for at �-
<br /> least one yeur ofter the dute of accupancy, unicss L.ender otherwi�e agnees in writing, which cansent +huU not be
<br /> ��. `,'" . ���''�� unreasonably withheld,or unles.r•extenuuting circumstances exist which are 6eyond Borrower's conunL Borrower shall not
<br /> :, 'J destroy,damage or Impair the Ptopercy.ullow thc Propchy to deterioratc,or commit wastc an the Property. Borrowcr tihall
<br /> �.�;;..,.�; ..,,,,�, =. be in default if any forfeiture uction or proceeding,whether civil or criminal, is begun th•rt in Lenderk good faith judgment —
<br /> b�.• - , ., could msult in forfeiture uf the Property ur othenvise m:�terially impair the lien created by this Security Inxtrument or
<br /> , ,.. ., .. ,.. Lender's security interest. Borrower may cure such u defautt und reinsto[e,ar provided in paragraph 18,by causinF the action �
<br /> _ . - . or proceeding to be dismis+ed with a nding th:►t,in Lender's good fuith detertnination,precludes forfeiture of the Borrower's
<br /> • interest in the Property or other material impairment of the lien crcated by this Security Instn�ment or I.ender+ �ecurity
<br /> � interest. Borrower shall also be in defuult if Borrower, during the loan applicntion prceess, gave matcriully fulse or �'
<br /> ' inaccurate informution or xtatementti to Lender(or failed to provide I.ende�with any materiul infortnution)in connection with
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<br /> ��;�r:: the loan evidenced by the Note, including, but not limited to, representutians concerning Borrower z occupancy of the
<br /> _.._._ �::�.,.:`,....___-_.� Property a�u principal cesidence. If this Security In.trument iy on a learehold,Borrower shull comply with atl the provisions --
<br /> � of thc leatie. If Borrower ucyuircs fec tiele to the Propeny,the Icnsehoid und the fec tittc shnil not mer�e uniess i.ender ngrees �
<br /> . to the merger in writing.
<br /> 7. Protection of Ixnder's Rights in the Propertv If Borrowcr fuils to pertorm thr covcnunts and agrcements
<br /> . contained in this Sccurity Instrument, or them is a Iegul proceeding thut muy significantly uffect Lender's rights in the ___
<br /> Praperty(�uch a.c u proceeding in bankruptcy.probate,for conckmnation or fortciture or to rnforce law.or regulationx),then
<br /> ' Lender may do und puy Cor whatevcr iti necexsary to prorect the valuc of the Property unJ Lrndcr�rightti in the Property.
<br /> Lenderk actions may includc paying any+ums secured by a licn which ha+pric�rity over this Srrurity In,trumcnt,upp�uring �;�:"
<br /> ' in court,paying reaumublr uttomcy,'fuc�und cntcring on the Property to makc rcpuir,.Although Lrnder may take action =
<br /> _- undcr thiti parugraph 7.Lrndcr dces nut huv�tu do so. -
<br /> `_ • Any amounts dixhur+rd by LenJcr under thi.para�raph 7 tihall ikrom� additionul debt of Borrower�ecured by this f`"_
<br /> " Security Instrument. Unle.x aon•owrr und Lrnder a�:rcc to uthcr trm�ti uf paymrnt,the+r umounts tihull lxur imcrert from thc °�'�
<br /> ;�r date of dixburumrnt at thc Note rate and yh�ll lx puyaMe,with intenxt,up�m notice 1'rom LenJer to Borrower rcyuesting �'�
<br /> � f puyment.
<br /> • 8. hlort�uRe Insurance. If Lender rcyttired murtgagr in.uran�c a,a cunditiun uf making the l��un serurrd by this °-
<br /> � � Sewrity Instrument. B��rrower�hall pay thr prcmiutn+ requir�d tu muintain thc mungagc in.ur.mcc in cffrct. If, tiir any �
<br /> . rcason, thc mortguFc inwrancr ruvcrugc rryuired by Lrncl�r Inp,c� ��r ceu+c. tu Ix in cffcrt. Borrowcr shall puy the ==
<br /> premiums rcyuimd ro uhtain covcragr tiub+tantially cyuivalent tu thr murtgugc inwranrr r���„�u,iy in rt'fcrt. ut a ru+t
<br /> substantially cyuivalent to the ci�,t to Borruwcr of thc mort�agc m,urancc prrvioutily in rffcrt.frum un altemate monguge ..
<br /> � inzurer upproved by Lendcc If wb.wntially eyuivalent mm�gagr in.uranre ro�eragr i+not avc►ilablr.Borcower�hull pay to �;;.•
<br /> Lender each month a�um ryuul tu onr-twrlt'th��t'the yrarly mortgagc imuranrr prrmium lxin�paid by Burz��wcr when che —
<br /> . insur.�ncc rovcra�c lapticd ur craxd to tx in rffcct. [.rndrr will urcrpt.u,r and mtain thcu paymrnt�a,a lo..rr�rrvc in licu
<br /> . � of mongage inwrancc. Lo,� reservc paymenh m:ry nu lungu!x reyuirrd,ut thr optiun oF Lrnd�r,if mon�:age in,urance
<br /> coveragr(in the amount and tiir thr Fxrial that Lrnder rcyuirr+►pr�n•idrd by an in+urcr approved hy l.rnJer•rgain Ikcame�
<br /> uvuilablc unJ iti ohtaineJ.B�xruwcr�hall pay thc rrrmiurn+r�yuircd to m:►intain mortgagc�murancr in rffrct,or ti�providr a � -.
<br /> • ,.�-:-: loss re+crve,until thc rcyuir�ment ti�r mortgugc intiuran�c rnJs in arrordanrc with imy wnucn agmemcnt hCtween Borrowrr �
<br /> ' and Lendcr or applirahle law-.
<br /> 9, lnspection. LrnJcr�tt its agent may mukr rt:a��nuhlr rntric.upun and im�ctions uf thr Pru�xrty. Lrndcr+hall
<br /> give Borrower notirc at the time uf or prior tu nn im�xrtion��xri1'yint rr:►.unahlr rau.r titt th�in.�xrti�m.
<br /> . � 10. Condemnt+tion. The proreedti ot'any award or rL•ii�n titt dama�;r+.�iirert or ronuyurntial.in cunnection with uny .
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